Rajeev Misra, CEO, SoftBank Investment Advisers
After Nikesh Arora, Rajeev Misra becomes the first India-born executive to be inducted in the board of directors at SoftBank Group Corp, as the Japanese telecom and Internet behemoth rejigs its board appointing five new executives in it.
The final appointment, however, is subject to the approval of the 37th Annual General Meeting of Shareholders that is slated to take place on June 21, 2017.
Misra, 54, is currently the CEO of SoftBank Investment Advisers that advises the ambitious $100-billion Vision Fund that is slated to invest in technology companies across the world.
Conceived by SoftBank founder Masayoshi Son last year, the Vision Fund has so far raised $93 billion as announced in its first close about a week ago, backed by a slew of high profile investors such as Apple, Qualcomm, UAE-headquartered Mubadala Investment Company, and Foxconn, among others. The Vision Fund is the largest tech fund till date.
Misra, an alumni of University of Pennsylvania and MIT Sloan School of Management, was appointed to spearhead the Vision Fund in October last year. He joined the company in November 2014 and served as Head of Strategic Finance at SoftBank Group Corp till October 2016.
Softbank, of late, has been making headlines in India. While it was recently in news for infusing a whopping $1.4 billion in Paytm, India’s second-most valuable internet firm run by One97 Communications Ltd, it has also garnered attention for marking down its investments in its high profile bets Snapdeal and Ola.